GL Limited

THE Guoco Group unit looking to take hotel operator GL private has amassed enough valid acceptances to cross the 90 per cent shareholding threshold for a compulsory acquisition.

LIM & Tan Securities on Tuesday said it was "reasonable" for GL shareholders to accept Guoco Group's final offer price of S$0.80 per share, even though the revised price was nearly a third lower than ...

THE Guoco Group unit looking to take GL private has raised its offer price by 14.3 per cent or S$0.10 to S$0.80 per offer share, from S$0.70 previously.

THE Guoco Group unit looking to take GL Ltd private has extended the closing date for its voluntary conditional cash offer by two weeks to 5.30 pm on March 18.

A wholly-owned unit of Guoco Group owns 73.67% of GL's shares and is accepting the offer

INVESTOR watchdog Securities Investors Association (Singapore), or Sias, has called for GL's offeror to " seriously reconsider" improving the offer price to reflect the true value of GL.

Investors should observe post-scheme-meeting trading of Sunningdale; GL-Guoco deal juxtaposed with tighter delisting rules

GUOCO Group's offer to take GL private at S$0.70 has been deemed "not fair but reasonable" by GL's appointed independent financial adviser, W Capital Markets.

They contend company's 18 hotel assets are 'highly undervalued'